iGTB unveils global transaction banking platform Release 16

iGTB’s new solution leverages machine learning, artificial intelligence (A.I.) to help protect banks from commercial risk. iGTB, part of Intellect Design Arena has launched Release 16, a complete global transaction banking platform, including sanctions screening, and the extension of CBX (Corporate Banking Exchange) to Apple Watch and other smartwatch devices. iGTB, part of Intellect Design Arena has launched Release 16, a complete global transaction banking platform, including sanctions screening, and the extension of CBX (Corporate Banking Exchange) to Apple Watch and other smartwatch devices. The cost of breaking sanctions is US$12 billion. This is the total provisions for breaking sanctions by banks worldwide according to a recent Morgan Stanley report. To help banks avoid such fines, iGTB has designed sanctions screening; an artificial-intelligence-powered solution that goes beyond current KYC methods by incorporating a…